Find what is the macaulay duration

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problem 1: A zero-coupon bond has a par value of $1,000 and matures in 6.5 years. The yield to maturity is 5.5 percent. What is the Macaulay duration?

A) 5.67 years
B) 5.81 years
C) 5.92 years
D) 6.26 years
E) 6.50 years

Reference no: EM132794082

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